{"schema_version":"secwatch.filing_event.v1","accession":"0001462120-23-000048","form_type":"8-K","ticker":"LOB","cik":"0001462120","company_name":"Live Oak Bancshares, Inc.","filed_at":"2023-07-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.993530+00:00","generated_at":"2026-06-13T03:02:55.424717+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Live Oak Bancshares Q2 net income $17.5M ($0.39 EPS); NPLs double qoq to $44.9M","bullets":["Net income $17.5M ($0.39 diluted EPS) vs $0.4M ($0.01) Q1 2023 and $97.0M ($2.16) Q2 2022.","Total revenue $108.5M (+7% qoq); net interest margin 3.29% (down 17bps); provision for credit losses $13M.","Nonperforming loans doubled qoq to $44.9M (0.61% of HFI loans at historical cost) from $22.0M (0.30%).","Loan originations $861M (down 16.5% qoq); deposit growth $457M to $9.88B; borrowings $28.3M.","Effective tax rate 7.5% vs 89% in Q1 2023 due to discrete stock compensation items."],"urls":{"canonical":"https://secwatch.observer/filing/0001462120-23-000048","json":"https://secwatch.observer/filing/0001462120-23-000048.json","markdown":"https://secwatch.observer/filing/0001462120-23-000048.md","text":"https://secwatch.observer/filing/0001462120-23-000048.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1462120/000146212023000048/0001462120-23-000048-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1462120/000146212023000048/lob-20230725.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T03:02:55.424717+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"21f7e62e4d5a47166064deea6d1ff4ac0274e4fd","claim":"Live Oak Bancshares, Inc. reported second quarter ended June 30, 2023 results: revenue $ 108,458, net income $17.5 million, EPS $0.39 per diluted share.","evidence_excerpt":"to their needs.” Second Quarter 2023 Key Measures (Dollars in thousands, except per share data) Increase (Decrease) 2Q 2023 1Q 2023 Dollars Percent 2Q 2022 Total revenue (1) $ 108,458 $ 101,596 $ 6,862 7 % $ 208,463 Total noninterest expense 76,457 78,962 (2,505) (3) 80,879 Income before taxes 18,973 3,613 15,360 425 122,317 Effective tax rate 7.5 % 89.0 % n/a","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1462120/000146212023000048/0001462120-23-000048-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter ended June 30, 2023"},{"label":"Revenue","value":"$ 108,458"},{"label":"Net income","value":"$17.5 million"},{"label":"EPS","value":"$0.39 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}